McEntaffer began by emphasizing that the economic narrative must start from the data, not a pre-conceived story. He characterized the current environment as one of asymmetric growth, observing mixed results across the country... The economist provided a detailed explanation of recent volatility in GDP numbers, linking it to trade activity influenced by expected tariffs... McEntaffer dedicated a significant portion of his presentation to inflation, noting that despite elevated interest rates from the Federal Reserve (Fed), prices continue to rise beyond the central bank's target.
